Category: Blockchain

Cryptocurrency exchanges have continued to see outflows in Bitcoin (BTC) balances, a trend that shows investors are either selling off or embracing alternative ways of safeguarding their assets. According to data from Glassnode, a steep decline occurred in the overall balance on trading platforms over the past week, a new trend that is becoming visible following

The digital currency industry printed a bearish fall-off for the better part of Monday, the first trading day of the week. The slump was notably fueled by the financial crises of China Evergrande, the Asian giant’s largest property developer. The Crux of the Matter and Crypto’s Response China Evergrande is facing a major liquidity crisis,

Sushiswap co-founder 0xMaki has been discharged from the project lead role at the major decentralised exchange. The pseudonymous developer tweeted on September 18 that he was stepping down from his position with the project. It is not precisely clear why 0xMaki, who is effectively the most important person in the Sushi ecosystem – is leaving. Though

The London Hardfork or EIP 1559 upgrade that got activated in August seems to have boosted Ethereum’s performance in the last 30 days. Market analyst under the pseudonym Crypto Gucci explained: “Ethereum outperformed all traditional markets in the past 30 days. Over 3.6 billion total value locked (TVL) in ETH’s Layer 2. Ethereum is

Kyrgyzstan has taken another proactive approach to stem the rise of illegal cryptocurrency mining activities in the country after disrupting the activities of a network of unauthorized mining outfits. As reported by the local media channel, 24.Kg, the State Committee for National Security of Kyrgyzstan (SCNS) has revealed and suppressed the illegal activities of about

Binance cryptocurrency exchange has come under the regulatory radar again, and this time, it is with the United States Commodity Futures Trading Commission (CFTC). According to a Bloomberg report recently, the derivatives regulator is notably investigating the company for possible insider trading and market manipulation. As the world’s largest digital currency trading platform, Binance is

Following its adoption of Bitcoin (BTC) as a legal tender, El Salvador is notably moving up the ladder when profiled using metrics that define major Bitcoin hotspots in the world. According to data from Bitcoin ATM Radar, El Salvador now ranks as the third country with the largest number of installed Bitcoin-backed Automated Teller Machines

Various US states recently took action against the cryptocurrency lending platform Celsius Network, accusing the firm of providing residents with unregistered securities.  On Friday, September 17, Texas securities regulator – the Texas State Securities Board – filed legal action against Celsius Network, expecting the firm to explain why it should not be ordered to stop

On September 16, the Avalanche Foundation received a $230 million investment from a group led by Polychain and Three Arrows Capital. The price of Avalanche‘s token AVAX soared to a record high of $68.89 today. Through the private sale of AVAX cryptocurrency, R/Crypto Fund, Dragonfly, CMS Holdings, Collab+Currency, Lvna Capital, and a group of angel investors and